Aadhaar, fingerprint scan enough to open bank account

Axis Bank to be the first to start using Aadhaar for account openings, satisfying the need for KYC. This starts the process of building a verifiable credit file. In addition to the use of Aadhaar Axis will start using the Visa network to validate the biometrics across all 25 branches of Axis. “For the middle-class customers , eKYC is a convenience but for the lower end of society, this will provide access like never before,” said Sridharan.